Tag: CBN

The Monetary Policy Committee (MPC) of the CBN has announced a significant increase in the benchmark interest rate by 200 basis points, from 22.75% to 24.75%. This decision was made ...

The Central Bank of Nigeria has disclosed that it will be allocating $10,000 to each Bureau de Change operator at N1,251/$. This was contained in a circular made available to The ...

Forex, the Central Bank of Nigeria (CBN) has issued a circular to Bureau De Change (BDC) operators, notifying them that each BDC has been allocated $10,000 at a rate of ...

A recent report from the Central Bank of Nigeria (CBN) disclosed that out of the total intervention loans amounting to N10.3 trillion disbursed, N193 billion has been declared lost, with ...

The Central Bank of Nigeria (CBN) is gearing up for its 294th Monetary Policy Committee (MPC) meeting, a pivotal gathering that will shape the nation’s economic strategies. According to a ...

No fewer than 17 out of the existing 24 Deposit Money Banks may be unable to meet the Central Bank of Nigeria’s capital requirement if it is increased from its ...

The Central Bank of Nigeria (CBN) has restated that banks operating there are prohibited from using their foreign exchange (FX) revaluation gains to pay dividends or cover operational expenses. In ...

The Central Bank of Nigeria has reiterated that banks operating in the country cannot use their foreign exchange revaluation gains to pay dividends or meet their operational expenses. In a ...

The Central Bank of Nigeria (CBN) made a significant move on Wednesday in Abuja by handing over 2.1 million bags of fertilizer to the Federal Ministry of Agriculture and Food ...

The Nigerian naira has maintained stability, settling at N1,615 against the US dollar across official and parallel markets. This stability comes amidst the Central Bank of Nigeria's (CBN) recent adjustment ...